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theguardian.com
European stock markets hit record high and oil price falls to three-month low after US-Iran peace deal – business live
Rolling coverage of the latest economic and financial newsOil prices tumble amid hopes strait of Hormuz will soon reopenEuropean stock markets have hit a record high at the start of trading, as relief over the US-Iran peace deal ripples across global markets.The pan-European Stoxx 600 index has jumped by 0.9% to 639 points, over the previous record high set just before the Iran war started, with shares rising in London, Frankfurt, Paris, Madrid and Milan.The move has given investors a clear reason to dial back some of the geopolitical risk premium that has hung over markets, especially as the Strait of Hormuz is expected to reopen and oil prices move sharply lower.Energy prices have been one of the clearest transmission channels from Middle East tensions into inflation, bond yields and equity sentiment, and there is likely to be a concerted effort to get prices down even further once this deal is finalised. Continue reading...
cnbc.com
UK to ban social media for under-16s to 'give kids their childhood back'
The ban could include platforms like Snapchat, TikTok, YouTube, Instagram, Facebook and X.
bbc.com
Oil prices fall and shares jump after US-Iran deal announced
Under the agreement, the key Strait of Hormuz waterway will be reopened, US President Donald Trump said.
cnbc.com
U.S. crude drops below $80 for the first time since March as Iran deal is set to open Hormuz Strait
"The Deal with the Islamic Republic of Iran is now complete," Trump said in a Truth Social post.
cnbc.com
SoftBank surges more than 10% as Iran-U.S. deal sends Asia tech stocks soaring
Asian tech stocks surged Monday on news that Iran and the U.S. have reached a deal.
cnbc.com
Zhipu surges 33% as Wall Street raises bets on China AI after Anthropic curbs
Shares of Chinese AI model developer Zhipu surged as Wall Street banks raised bets on the company's ability to capture global AI demand.
theguardian.com
Gina Rinehart makes ‘significant investment’ in Elon Musk’s SpaceX
Australian billionaire says investment reflects her confidence in world’s first trillionaire after his record-breaking IPOFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastGina Rinehart’s company has made a “significant investment” in Elon Musk’s SpaceX and said it hopes to collaborate on AI infrastructure.Hancock Prospecting secured shares as SpaceX began trading on sharemarkets on Friday, Rinehart said in a statement today. The figure, which Rinehart did not confirm, is reportedly at least A$1.4bn. Continue reading...
cnbc.com
Trump says France must scrap tech 'sales tax' or face 100% wine tariffs: NY Post
President Donald Trump issued the threat ahead of this week's G7 summit in Évian-les-Bains, France.
cnbc.com
U.S. and Iran reach deal to end the Mideast war, with agreement set to be signed Friday
The deal follows weeks of mixed messaging from both Washington and Tehran on the trajectory of the conflict.
theguardian.com
Australia’s Sigma drops out of talks to buy UK’s Boots
End of discussions on takeover estimated at $10bn extends uncertainty for 177-year-old British chainBusiness live – latest updatesThe Australian pharmaceutical group Sigma Healthcare has dropped its pursuit of the UK retail chain Boots, abandoning a takeover estimated to be worth $10bn (£7bn).Sigma, a wholesaler and retailer, said on Monday that a deal to buy the high street pharmacy business – which has 1,800 UK stores – would not meet its strategic and capital investment objectives. Continue reading...
cnbc.com
CNBC Daily Open: Iran deal fuels global relief rally
Iran peace deal sparks a global relief rally in stocks amid hopes that the end of the war will ease the energy crisis impacting economies worldwide.
theguardian.com
A £350 swimming pool fee ruined our easyJet holiday
We booked our hotel because of its swimming pool but a hefty hourly fee to use it wasn’t mentionedMy partner and I paid £2,150 for a week’s all-inclusive break in Marrakech with easyJet Holidays.We chose the Jaal Riad Resort Hotel because of its pool and spa. When we arrived, we were told that use of the heated pool cost £24 a person an hour, the Jacuzzi £24 for 20 minutes, and the hammam was £16 for 20 minutes. Continue reading...
bbc.com
Demand at baby bank 'has never been higher'
The founder says rising childcare costs mean many of those they help are in work but struggling.
theguardian.com
Britain ‘faces deindustrialisation’ without relief from high energy prices, survey warns
Make UK says manufacturers’ feedback shows sector at risk of collapse as it calls on Treasury to take actionBritain’s industrial sector is at risk of collapse as thousands of companies warn that they could face bankruptcy within the next year because of high energy prices, according to an industry survey.The manufacturers’ body Make UK said the latest feedback from its members found that many would not be able to cope for much longer with energy costs that were twice the average in continental Europe and four times higher than in the US. Continue reading...
cnbc.com
SpaceX: To the moon for investors or a bumpy ride? Here's what experts say
If the first day's share price is anything to go by, investors are still very optimistic on the stock.
theguardian.com
Europe is starting to break up with US big tech. But it’s still abiding by the Silicon Valley rulebook | Max von Thun
The European Commission has unveiled its plans for digital sovereignty. Its proposals betray a disappointing lack of visionBeti Hohler is a Slovenian national who lives in the Netherlands. Like tens of millions of other Europeans, she uses Apple’s app store and has an Amazon account. When she travels for work or leisure, she may want to book a place on Airbnb or Booking, using a credit card issued by Visa or Mastercard, perhaps through PayPal.But when the Trump administration sanctioned her last year for her work as a judge at the international criminal court (ICC), her ability to use any of these services vanished overnight. Her credit cards, her accounts with US companies – all gone. The sanctions against Hohler and some of her colleagues mean they live in “constant uncertainty”, she said.Max von Thun is the director of Open Markets Institute Europe, an anti-monopoly thinktank Continue reading...
cnbc.com
Markets cheer U.S.-Iran agreement, but some investors caution deal is yet to be signed
Asian stocks rallied Monday while oil prices tumbled after the U.S. and Iran agreed to a peace deal aimed at ending nearly four months of conflict.
cnbc.com
CNBC Daily Open: For real this time? U.S., Iran peace deal at hand
The proposed deal will see the Strait of Hormuz opened, and the U.S. naval blockade lifted, in effect ending the conflict.
bbc.com
As more US business owners retire many are selling up to their staff
Some six million bosses of American firms will be entering retirement between now and 2035.
bbc.com
Millions of people can get discounts on their bills - here's how
Lower social tariffs allow many people on benefits to get cheaper deals for water, broadband and phone.
bbc.com
Surge in scams as fraudsters use AI to target people
On average, nearly eight cases of fraud in which money is stolen are reported in the UK every minute.
bbc.com
Is the convertible heading into the sunset?
UK drivers have taken a shine to the SUV but could the fate of the convertible be reversed?
theguardian.com
Starmer to announce ‘Australia plus’ ban on social media for under-16s
Sources say hardline measures will also prevent young users from being able to talk to strangers on gaming appsWhy is the UK launching an ‘Australia plus’ social media ban and how will it work?Keir Starmer is to ban under-16s from major social media apps such as TikTok, Instagram and X in sweeping restrictions described as “Australia plus”, the Guardian understands.In a major policy shift far tougher than previously briefed, the prime minister will announce that teenagers will be banned from all the main social platforms. Online products that are not covered by the ban – such as gaming apps – will face new restrictions such as having the option to chat to strangers removed. Continue reading...
cnbc.com
SpaceX market cap tops $2 trillion after shares of Elon Musk's rocket company gain 19% on debut
SpaceX shares soared on Friday as trading commenced on the Nasdaq.
bbc.com
UK and Japan agree £18bn investment deal
Japanese firms will spend billions on UK infrastructure and offshore wind, Downing Street says.
bbc.com
UK electric car sales target set to be weakened
The new target hasn't yet been decided, with different numbers under consideration, the BBC understands.
theguardian.com
Running a small business has become almost impossible | Letter
Rosie Wolfenden says that under the current tax system, and with rising costs, traditional business models are no longer viableThank you, Anita Chaudhuri, for writing about a crisis that is unfolding before our eyes and urgently needs the government’s attention (The British food scene was booming. Why has it suddenly gone bust?, 9 June).Your article about restaurants struggling to stay afloat resonated deeply with me because it mirrors what is happening in the independent retail sector, alongside the pressures facing food and hospitality businesses. I have run Tatty Devine for 27 years and like to think of us as the Michelin-star equivalent of retail: specialists in our field, delivering quality, creativity and consistency in design. Yet we too have hit a wall. Continue reading...
theguardian.com
Ministers could give billions raised by business rates to England’s regions
Exclusive: devolving tax is part of plans to give local areas more power in areas including justice, health and educationMinisters are considering handing over billions of pounds raised by business rates to regional mayors as part of one of the biggest shake-ups of the English tax system in recent years.Steve Reed, the local government secretary, said the government was working on plans to devolve the tax, which has been the subject of recent protests by pubs and other hospitality businesses. Continue reading...
theguardian.com
UFC to pay White House fighters in crypto issued by Trump company
Some fighters will receive bonuses in ‘stablecoins’ issued by Trump family business World Liberty FinancialThe Ultimate Fighting Championship (UFC) announced on Friday that it will pay bonuses to fighters in a form of cryptocurrency issued by Trump family business World Liberty Financial at the heavily publicized White House mixed martial arts event on Sunday.The development connects the Trump family’s financial interests to the high-profile UFC competition being promoted on government property. The competition on the south White House lawn is scheduled for 14 June, Donald Trump’s birthday. Continue reading...
cnbc.com
One quality will be most in-demand from job-seekers in the AI era, Animoca co-founder Siu says
Yat Siu, the co-founder of Animoca Brands, says AI is going to change what skills are most valuable in the workforce.
cnbc.com
32-year-old quit teaching and built a fidget-toy business with her dad. It brought in $428,000 last year
Charlie Moreton and Victoria Baumann are the father-daughter duo behind Victoria Essie Studio, which has seen viral success selling 3D-printed fidget toys.
theguardian.com
Welcome to California: land of plunder and hypocrisy | Mark Arax
From gold to water, California’s wealth was built on extraction. The AI boom is reviving an old question: who pays the price?I was a fourth-grader in the public schools of California when I first learned about the Gold Rush. I remember our teacher, Mrs Dyer, passing down the story in the manner of lore.On the morning of 24 January 1848, James Marshall, a New Jersey boy come west, stumbled upon four shiny nuggets alongside the American River. He tried to keep his discovery a secret, but the shout of “eureka” from the dirt streets of San Francisco rang out across the shore. It unleashed a force that could not be contained. Continue reading...
theguardian.com
UK poised to water down 2030 EV sales targets after industry and union pressure
Keir Starmer ready to overrule Ed Miliband after warnings manufacturers would be penalised and jobs put at riskThe UK government is poised to water down its 2030 targets for electric vehicle sales after intensive lobbying by the car industry and unions.The government is preparing to consult on less ambitious targets for the transition to fully battery-powered electric cars over the rest of the decade after carmakers and unions warned that they would penalise manufacturers and put jobs at risk. Continue reading...
theguardian.com
British forces intercept Russian shadow fleet vessel – video
British armed forces intercepted and boarded a Russian shadow fleet oil tanker in the Channel in the early hours of Sunday, the prime minister, Keir Starmer, has confirmed. According to the tracking website Marine Traffic, the vessel is now anchored off the coast of Dorset near Weymouth. Authorities said it would be monitored for environmental or safety concerns. The UK says the Smyrtos is one of 700 vessels in a shadow fleet responsible for carrying 75% of Russia’s oil exports, which are under international sanctions. The fleet provides Russia with what analysts say is a critical lifeline, allowing oil to be sold and funds generated to continue its war against UkraineBritish armed forces intercept Russian shadow fleet oil tanker in Channel Continue reading...
cnbc.com
Elon Musk drifted from Larry Page over a decade ago, but their companies are closer than ever
SpaceX and Google have a long and complicated relationship, but they were both celebrating this week after Elon Musk's company held its blockbuster IPO.
bbc.com
Man who built Guernsey finance charity retires
Peter Neville stands down as head of the charity supporting people ineligible for mainstream banking.
bbc.com
Fund boosts support for financial struggles
The £300k fund will expand support for residents struggling with financial pressures in Devon.
theguardian.com
Elon Musk and co may relish march of the robots but there must be AI boundaries in the workplace | Heather Stewart
As technology advances quickly, firms should not lose sight of what qualities humans bring to jobsA robot magician called D4YRL was rejected as a member of the Magic Circle last week, for being insufficiently human.While D4YRL’s tricks were exemplary, the august organisation decided “he” did not engage the audience’s emotions as a flesh-and-blood performer would. Continue reading...
theguardian.com
‘Have I been influenced, or is this actually me?’ How personal taste fell out of fashion
Our favourite music, clothes and books used to be markers of individuality – but the algorithm has made us all sheep. Meet the style rebels fighting backWhat are you into? What floats your boat? What music, films, clothes, art, books – anything, really – do you actually like? Do you find these questions more difficult to answer than you would have done 10 years ago? How about 20? You do? You’re not alone.It has become impossible to ignore: personal taste has been seriously debased – if not completely destroyed – by technological advancement. We know the internet has radically altered the way we form our opinions and beliefs. Now we’re waking up to another sobering truth: it has wrecked our capacity to form our own preferences. Continue reading...
theguardian.com
‘People start connecting the dots’: why an investment fund is rewilding a North Yorkshire estate
Rebalance Earth is investing in Broughton Sanctuary to generate financial, environmental and social returnsFrom a high point on the hill, the North Yorkshire landscape unrolls below. The moorland above gives way to grassland, trees and then pasture, divided by the region’s traditional dry stone walls.The view may be idyllic, but it belies the condition of parts of this land, belonging to the sprawling 1,100 hectare (2,500-acre) Broughton Sanctuary estate, near Skipton. Continue reading...
theguardian.com
Jamaica’s beach access crisis: ‘We shouldn’t be forced to fight for what is already ours’
Activists argue business model is ‘plantation tourism’ designed to benefit elite and disadvantage most JamaicansCampaigners go to court to fight privatisation of Jamaican coastDevon Taylor remembers when the Mammee Bay shoreline in St Ann, Jamaica, was filled with children frolicking in the ocean after school, fishers haggling with locals over the price of their daily catch and craft vendors carving souvenirs under almond trees.“I grew up on Mammee Bay,” Taylor says. He recalls fetching seawater in bottles for his grandmother when she was no longer able to go to the beach, learning to swim in the shallows, and watching generations of fishers cast their nets. “That beach raised us. It fed us.” Continue reading...
theguardian.com
‘Labour had their chance – they flopped.’ Two days in Makerfield show me the scale of Burnham’s task | John Harris
Touring this bitterly divided constituency, what strikes you most is people want something better. But what exactly? Keir Starmer teeters. The defence secretary exits, and thereby seems to confirm the prime minister’s demise. Andy Burnham scents a final, belated breakthrough, while most of the national talk is of violence, a country in crisis and malaise. And in Platt Bridge, a neighbourhood at the heart of the constituency where the fates of the Labour party, the current government and the country are all about to be decided, life still seems to be locked into an endlessly familiar pattern.Amid all the redbrick terrace houses, too many shops are shuttered and empty. The latest casualty was a proudly independent baker who had traded for 40 years, apparently to be replaced by another tanning lounge. The main roads are clogged with traffic, while other streets tend to be eerily quiet. People speak of closed-down pubs, impossible private rents, and that ubiquitous British complaint: “There’s nothing for the kids to do.” Continue reading...
theguardian.com
‘A beautiful display of love’: company launches DIY funeral shroud cover kit
Founder of Bellacouche in Devon says personalised covers tap into growing interest in alternatives to traditional funeralsIn the days leading up to his wife Claire’s death, Andrew Kent sat with her and talked about fabric leaves. She wanted them in different shades – greens, browns and golds, the colours she saw on walks.Later, after she died, each of her three children would take one home. The others would be stitched to the wool cover Andrew was designing for his wife’s funeral shroud – the soft wrap she had chosen instead of a coffin. Continue reading...
theguardian.com
London startup to trial drug to prevent cancer therapy side-effect ‘cytokine storm’
Poolbeg Pharma to test the treatment in NHS hospitals and says it is also developing a GLP-1 weight loss pillA London-based startup is about to trial a drug at six NHS hospitals that could stop people on cancer immunotherapy getting a life-threatening side-effect.Poolbeg Pharma said its oral drug POLB 001 could make treatment for blood cancer safer by preventing cytokine release syndrome (CRS), when the immune system goes into overdrive and attacks the body, leading to organ damage. Continue reading...
theguardian.com
‘It’s going to be extremely hot’: workers imperiled as sweltering World Cup temperatures are forecast
It could top 90F in several cities hosting World Cup games – and workers could pay the price with their healthAs the World Cup kicks off, labor advocates and scholars warn that the workers making the tournament possible could face serious heat-related risks.“It’s going to be extremely hot, and you just cannot leave people unprotected or you’re going to deal with a lot of injuries,” said Jonathan Alingu, co-executive director of Central Florida Jobs With Justice, which has been calling for worker protections at the Miami games. “Or, God forbid, something even worse.” Continue reading...
theguardian.com
Amoc collapse could change Europe’s climate 10x faster than expected. We aren’t ready
The system of ocean current that moves heat in the Atlantic Ocean plays a key role in regulating climate. Today’s monitoring of it may be discontinuedImagine we detect a large asteroid heading straight for Earth. We are able to intervene and prevent disaster, but instead we cut the funding needed to track it. A few million dollars, it was argued, was too expensive to have a chance to save society.While this scenario isn’t real, the metaphor is alarmingly accurate. In Europe, we spend €1bn to monitor space for asteroids, even if the actual risk of a civilisation-ending asteroid strike is close to zero. Continue reading...
cnbc.com
UK forces board sanctioned Russian shadow fleet oil tanker
The U.K.'s Ministry of Defence says the SMYRTOS was in the English Channel and will be held off the south coast during investigations.
theguardian.com
Trial of 12mph bike lane speed limit grinds gears of Dutch cyclists
Increase in road deaths amid rise of e-bikes prompts Houten to test willingness of freedom-loving cyclists to slow downAs road deaths increase and cycle lanes overflow with e-bikes, the Netherlands is considering a cycling speed limit of 12mph (20km/h).The government has started a two-week trial in Houten, near Utrecht, to gauge whether freedom-loving Dutch cyclists are willing to slow down – and whether they have any idea how fast they are going in the first place. Continue reading...
theguardian.com
‘I should know better’: tech expert lost £70,000 in one simple phone call
After falling for a scam call, ‘The Tech Chap’ host Tom Honeyands realised he’d given away vital details in social media postsWhen Tom Honeyands realised he had been defrauded out of £70,000 he was furious and embarrassed – and left wondering if he had given away too many details on his social media videos.Honeyands was on a work trip to Tokyo when he got a call from someone claiming to be from Lloyds bank. The caller asked if he had made a recent transaction in Singapore and when he said no, the scammer said his account had been compromised and that security details needed to be reset. Continue reading...
theguardian.com
Minister defends changes to UK workers’ rights against costs backlash
Kate Dearden says reforms such as enhanced sick pay simply bring UK into line with other big economiesLabour’s radical workers’ rights reforms have simply put the UK on a “level playing field” with other big economies, the employment minister, Kate Dearden, has said.The government’s Employment Rights Act became law last year, with specific provisions being implemented this year and next. Continue reading...
bbc.com
Why the US economy keeps defying the odds
Why has the American economy continued to outperform so many of its peers, despite facing the same global shocks?
theguardian.com
How Brexit has made Britain poorer – in charts
Forecasters were wrong about an immediate recession but right that we would be worse off outside the EUAs the 10th anniversary of the Brexit vote approaches, the verdict on Britain’s economic performance is clear: voting to leave has resulted in severe costs for households and businesses.The immediate recession predicted in the Treasury forecasts ordered by George Osborne – dubbed “project fear” by the Leave campaign – did not happen. The impact from the Covid pandemic, wars in Ukraine and Iran, and Donald Trump’s trade battles also cloud the picture. Continue reading...
theguardian.com
As Donald Trump turns 80, he faces a foe he can never defeat: Father Time. That’s a problem for us all
Alarm over the judgment and behaviour of the world’s most powerful man, and the consequent risks to the world, can only get worseThe main Nuremberg trial ended, Winston Churchill warned of an iron curtain descending across Europe, It’s a Wonderful Life received its premiere and, at Jamaica hospital in the borough of Queens, New York, Donald John Trump was born.It was 1946, also the birth year of George W Bush and Bill Clinton, but on Sunday the current US president celebrates his 80th birthday in a style uniquely his own. Trump will stage a night of cage fighting on the once-pristine White House south lawn as part of events marking the 250th anniversary of US independence. Continue reading...
theguardian.com
Bran flakes could be classed as junk food under new healthy eating guidelines
UK government wants to update rules to include naturally occurring ‘free sugars’ when determining what is unhealthyBran flakes may be classed as junk food under new government reforms designed to promote healthy eating.Britain has for decades been one of the world’s largest consumers of puffed, flaked and sugared breakfast cereals, despite warnings over the years that they might not be nutritious. Continue reading...
theguardian.com
One Stop shop worker sacked after trying to tackle suspected shoplifter
Convenience store employee Eileen Fox, 56, said suspect ‘banged into metal stand’ but no one was injured in incident• Waitrose employee sacked after stopping shoplifter from taking Easter eggsA convenience store worker was sacked after trying to tackle a woman who she suspected was shoplifting bacon.Eileen Fox said the suspected thief was “well known” in Bootle, Merseyside, and claimed she had been stealing from the shop for years. Continue reading...
theguardian.com
Travel insurance: don’t let a health condition derail your holiday plans
A medical issue can send quotes for cover soaring but it is not worth risking going abroad without a policy ‘I nearly fell over when I saw the travel insurance quote,” says the retiree Bernie Lawrence. The 77-year-old from Fleet, Hampshire, says that after he developed heart problems, the cost of buying cover became “astronomical”.Lawrence, who usually travels with his wife, Barbara, 79, says he had always been active and fit before suffering chest pains while out running in 2018. Nine days later, he underwent quadruple bypass surgery. Continue reading...
bbc.com
Anthropic suspends new AI tools over US government security concerns
Anthropic's Claude Fable 5, released publicly this week, sparked concerns about cybersecurity and hacking.
cnbc.com
From 10% chance of success to $2 trillion market cap: SpaceX's historic IPO
After its Nasdaq debut on Friday, SpaceX was the sixth most-valuable U.S. company, despite being a fraction the size by revenue of tech's megacaps.
theguardian.com
The case for Labour to introduce a wealth tax has never been stronger | Phillip Inman
A 2% levy on fortunes above £100m – with no exemptions – could begin to reverse decades of rising inequalityAndy Burnham and Wes Streeting have sought to blunt the Green leader Zack Polanski’s popularity with a hint that a government run by either of them, should they win a Labour leadership race, would favour a tax of some kind on the wealthy.With SpaceX’s stock market launch on Friday sending Elon Musk’s fortune to the stars, it is clear to most people that the world’s super-rich are running away with the lion’s share of the spoils and there is not much left for anyone else. Continue reading...
theguardian.com
Ask for help, take chances and be kind to yourself: readers’ tips for young jobseekers
People with careers in the UK and beyond offer practical advice for those struggling to secure workAbout 1 million 16- to 24-year-olds in the UK are not in employment, education or training, and a recent report said this could rise to 1.25 million by the early 2030s without urgent government action.With the obstacles young people face in securing employment now greater than ever, we asked readers if they had any advice for those seeking work. Here are some of their responses. Continue reading...
theguardian.com
UK sets out AI infrastructure push at London Tech Week – how does it stack up?
Government announces plans to invest billions, but questions linger over how its proposals on chips, social media and more will workOwnership of the commanding heights of the AI economy is a political talking point around the world, as countries seek to assert some control of a technology dominated by the US and China.London Tech Week, the showcase event for the UK tech industry, focused heavily on that theme this week. A government keen to show it has a growth story, and an assertive narrative on AI, made a number of announcements related to companies, skills and infrastructure. Some represented new commitments and ideas; others appeared to be putting a polish on already announced measures. Continue reading...
cnbc.com
Switzerland is voting on whether to cap its population at 10 million. Here's what to know
Switzerland votes on a population cap that could tighten immigration and put its EU free-movement agreement under pressure.
cnbc.com
UAE denies 'false' reports of fund transfer to Iran
The statement follows a Reuters report that the UAE has agreed to unlock billions of dollars of frozen funds for Iran.
theguardian.com
‘We eat and drink risk’: higher costs bring curtain down on more UK music festivals
Plans for new event at the Secret Garden Party site and Womad Glasgow are dashed, but others remain optimisticHosting Scotland’s first Womad festival seemed like an easy sell for Glasgow, the country’s gig capital and self-proclaimed “dynamic global hub for music lovers”.However, last week the internationally renowned event celebrating performance from around the world, successfully staged in 30 countries since being co-founded by former Genesis frontman Peter Gabriel in 1982, was cancelled due to low ticket sales. Continue reading...
cnbc.com
Former Tesla board member says SpaceX needs to achieve 2 of its 3 moonshots to keep its valuation
SpaceX has achieved its goal of becoming the largest IPO on record.
theguardian.com
How doing a wash while you watch the World Cup at 2am could cut energy bills
Change in viewing habits offered by match times at 2026 tournament could mean using cheaper off-peak powerWatching late-night or early hours football could provide UK households with a practical opportunity to cut their energy bills, as even just doing the washing when cheaper electricity rates apply can net a decent saving.At a time when energy costs are back at worrying highs, research by E.ON Next shows the potential to save money on a time-of-use tariff – in this case, its Next Smart Saver deal, which has three rates: peak, off-peak and super off-peak. Continue reading...
bbc.com
Elon Musk's stratospheric rise to trillionaire status - in charts
The BBC breaks down how the tech mogul's fortune has grown.
bbc.com
Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut
Musk is now worth $1.11tn according to the Bloomberg rich list, while SpaceX listed on the Nasdaq stock exchange with a value of $2.2tn.
cnbc.com
SpaceX 'proxies' plunge as real deal arrives: Here's where traders are buying the dip
SpaceX "proxy stocks," whose options volumes were booming ahead of Friday's historic initial public offering, are unwinding gains.
cnbc.com
Elon Musk becomes world's first trillionaire as SpaceX begins trading on the Nasdaq
Elon Musk's stake in SpaceX is worth more than $766 billion. Combined with his Tesla holdings, Musk's net worth as of Friday is roughly $1.05 trillion.
theguardian.com
Elon Musk is a trillionaire now. Is that bad for the economy? – Stateside with Kai and Carter
Elon Musk has become the world’s first trillionaire thanks to his company SpaceX, which now has the biggest IPO of all time. Public trading in the company has put it's valuation at over $2tn. The eye-watering sums of money pouring into AI are also boosting other tech titans, including OpenAI and Anthropic. Both companies are expected to go public this year with nearly trillion-dollar valuations. The Guardian’s US tech editor Blake Montgomery tells Kai Wright that with these IPOs, all our financial futures are forever tied to AI’s success, and more worryingly, its possible failureWatch on YouTube Continue reading...
bbc.com
UK vows to phase out Russian diesel and jet fuel imports by new year
The ban forms part of the government's package of sanctions on Moscow due to the ongoing war with Ukraine.
cnbc.com
Trump denies Iran's account of deal terms, decries new drone attack: 'Dishonorable people'
"They better get their act together, and FAST!" President Donald Trump said of Iran one day after announcing that a deal would be finalized within days.
cnbc.com
SpaceX COO Shotwell says Tesla tie-up ‘might make Elon’s life a little easier’
As SpaceX prepared to hit the Nasdaq following its record IPO, Elon Musk's second-in-command didn't dismiss the possibility of a Tesla tie-up.
cnbc.com
SpaceX’s Gwynne Shotwell had IPO doubts for years, now she has a message for investors
Gwynne Shotwell, long Elon Musk's second-in-command at SpaceX, spoke exclusively with CNBC ahead of her company's highly anticipated IPO.
theguardian.com
Is Fifa allowed to make AI athletes? – video
Does qualifying for the World Cup mean you now support the Knicks?From World Cup promos to NBA Finals ads, AI imagery is becoming more common in sports promotions. Many athletes are under contracts that permit the use of their likeness, but in an age of hyper-real AI, do new rules need to be put in place?Our reporter Mark Mcpartland takes a look. Continue reading...
cnbc.com
From startup to $1.8 trillion: The investors who took a chance on SpaceX now reap the rewards
With SpaceX seeking an IPO valuation of nearly $1.8 trillion, early bets are poised to generate some of the biggest paper gains in venture capital history.
theguardian.com
UK PM Keir Starmer defends defence spending: 'It's my number one priority' – video
The UK prime minister has defended the government's defence spending plans and insisted he would fight to keep his job. In an interview with the BBC, Keir Starmer said defence would be his 'number one priority' in the next spending review. His remarks came a day after the defence secretary, John Healey, resigned. Asked about the prospect of a leadership challenge, Starmer replied: 'I will fight'‘I’m not going away,’ says Keir Starmer despite defence secretary’s exitUK’s defence plan is underfunded and outdated, says Al Carns after resignation Continue reading...
theguardian.com
‘A long lunch is what we’re good at’: London bistro above a pub wins UK restaurant of the year
Bouchon Racine is old school, for lovers of traditional French cooking and boozy afternoons – it even aims to stop taking bookings onlineIf you are someone who consults social media to find the best spots for a weeknight dinner reservation, you’d be forgiven for thinking that having a viral social media account or influencer chef at the stove is the only way to run a successful restaurant these days.However, the operators of the newly crowned top UK restaurant are not just unbothered about competing in the algorithm olympics, they’re actively seeking out ways to be more analogue – even considering only take bookings by phone. Continue reading...
bbc.com
Have you been mis-sold car finance?
Martin Lewis has advice for those who have or who are planning to put in a car finance mis-selling claim.
cnbc.com
The Tech Download: Mistral's Arthur Mensch on agentic AI, chips and enterprise adoption
CNBC's Arjun Kharpal sat down with the chief of one of Europe's leading AI companies.
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UK signals it may block payout to British Steel owner
Chinese firm Jingye is seeking compensation after the government decided to nationalise the company.
bbc.com
UK economy contracts as Iran war impact felt
The economy shrank slightly in April as the Iran war began to have an impact on businesses, official data shows.
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'I was employee number one at SpaceX'
The BBC's Michelle Fleury spoke to Tom Mueller, who was one of the company's founders alongside Elon Musk in 2002.
cnbc.com
Luxury stocks spike on proposed U.S.-Iran peace deal; LVMH up 5%
Luxury stocks have been hard hit by the Iran war, as the Middle East had been a fast-growing market for the otherwise largely muted sector.
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Watch: Three things to know about SpaceX's stock market debut
The BBC's Samira Hussain explains everything you need to know about SpaceX's historic IPO.
cnbc.com
Meta reportedly begins dismantling $2 billion Manus deal on Beijing's orders
Meta has reportedly begun dismantling its acquisition of Manus, moving to comply with Beijing's unprecedented order to hand back the Chinese-founded AI startup.
cnbc.com
UK economy shrank 0.1% in April as Iran conflict weighed on growth
U.K. GDP fell 0.1% in April as services activity declined and companies cited pressure from the Middle East conflict.
bbc.com
'I was employee number one': SpaceX co-founder reacts to firm's market debut
The BBC's Michelle Fleury spoke to Tom Mueller, who was one of the company's founders alongside Elon Musk in 2002.
bbc.com
Why the economics make this the craziest World Cup ever
From trade wars to soaring ticket prices, the 2026 World Cup is unlike any before it. Faisal Islam explores what this tournament reveals about our changing global economy.
bbc.com
India's 'blue gold' starts a new drinks industry
Agave plants grow wild in India and new distillers are using them to create a spirits industry.
bbc.com
My friends always want to split the bill equally, how do I say no?
It is never easy to speak up when a fellow diner says "let's just divide it!"
bbc.com
Villagers take fight against Lidl store plans to Welsh government
Residents in the area do not want a store on land separating Llantwit Major and Llanmaes.
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Ryanair investigated over charging parents to sit with children
The UK's competition regulator is investigating the airline over charges it imposes on parents to sit next to their child.
bbc.com
Why does your World Cup pint cost so much this time round?
Pub landlords explain why they have no choice but to charge more.
cnbc.com
Why U.S. AI giants like Anthropic, OpenAI are launching major expansions in London
The U.K. capital has become a key growth target for many of the world's most talked about AI companies.
bbc.com
Trump says 'I love the inflation' as US prices rise at fastest rate in three years
The US president later said he had meant that he actually loved that inflation was not higher.
bbc.com
Korea fines e-commerce giant $400m over data breach affecting millions
The record fine comes after around 37.5 million users had their private data exposed.
bbc.com
Social media on trial: Four important cases to watch
Social media firms face thousands of lawsuits, the BBC looks at four which could be significant.
bbc.com
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.com
Mike Ashley's Frasers offers £1.73bn to buy all of Hugo Boss
The retail group already owns just over a quarter of the German fashion brand but wants to buy the rest of it.
bbc.com
New candy stores are popping up across NYC. Why?
While US consumer confidence is at an historic low the Big Apple's sweet shops are expanding.
bbc.com
I'd have vetoed foreign sale of UK tech giant, says Business Secretary
Peter Kyle's comments come as the government sets out how it would back British technology companies.
bbc.co.uk
SpaceX IPO: Preparing for the biggest liftoff yet?
It’s not just about rockets: what SpaceX does and why its IPO matters
bbc.com
World Cup expected to be the biggest betting event in history
The expansion of the number of games being played is set to drive a surge in the amount of bets placed on this year's World Cup.
bbc.com
Could humanoid robots be heading for the battlefield?
Armed forces are experimenting with humanoid robots, but battlefield deployment is some way off.
bbc.com
Spain's visitor numbers hit new highs as tourists avoid Middle East
The European country had 9.1 million international visitors in April, the most ever for that month.
bbc.com
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.com
The ancient trick making food waste useful and tasty
Instead of throwing away byproducts of food processing, fermentation is making them valuable.
bbc.com
'By the grace of God': Miners dig on as lab-grown diamonds change market
The rising popularity of lab-grown diamonds heaps pressure on those hunting for the natural gems.
bbc.com
How 'confused' AI rollout hurts firms and baffles staff
Some firms are putting pressure on staff to use AI, but have not thought through their AI rollout.
bbc.com
Caribbean hot sauce producers warn of shortages and higher prices
Manufacturers in Jamaica say the key chilli peppers they need are in limited supply.
bbc.com
Humanoid robots 'the future' of car making, says BMW
BMW is introducing humanoid robots to a car plant in Europe, building on similar projects in the US.
bbc.com
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
bbc.com
Is 'out of control' US tipping culture spreading overseas?
With US waiting staff getting cross at receiving less than 20%, tips are also on the rise elsewhere.
bbc.com
The rise of the fruit that tastes like custard
Custard apple plants are prized for their hardiness but exporting their delicate fruit is difficult.
bbc.com
Morocco wants tourists to visit Western Sahara. Some say it's tightening its control
The Moroccan government wants more Western holidaymakers to visit the territory it claims to own.
bbc.com
'Six eggs used to be £1' - why everyday essentials cost so much more now
Six supermarket brand eggs cost £1 in 2022. How much are they now, why have they gone up, and is anyone profiteering?
bbc.com
Love factually: Dating start-ups promise to cut the cheats
Frustration with fake dating profiles has spurred new dating services with different approaches.
bbc.com
The fight against foreign developers buying Caribbean beaches
Campaigners in Barbuda, Grenada and Jamaica say they can no longer access their coastlines.
bbc.com
Robo-top: The machines that could make your next t-shirt
Most clothes are made in Asia, but new machines could bring some of that work back to the West.
bbc.com
Why does Amazon have no Western rivals?
The internet giant dwarfs other online retailers on both sides of the Atlantic.
bbc.com
The threat to summer holidays looming from jet fuel shortages
What impact might shortages have on our summer holidays - and what could be done about it?
bbc.com
Scammers are becoming ever more sophisticated - this is what the fightback looks like
Scams have exploded over the last few years. Can countries and companies come together to turn the tables on the scammers?
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